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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
SEPTEMBER 14, 2005
(Date of earliest event reported)
ACCESS INTEGRATED TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 001-31810 22-3720962
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
55 MADISON AVENUE, SUITE 300, MORRISTOWN NJ 07960
(Address of principal executive offices) (Zip Code)
(973) 290-0080
(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 14, 2005, Christie/AIX, Inc. ("Christie/AIX"), a Delaware
corporation and an indirect wholly-owned subsidiary of Access Integrated
Technologies, Inc., (the "Company"), a Delaware corporation, entered into a
non-exclusive Digital Cinema Deployment Agreement (the "Agreement") with Buena
Vista Pictures Distribution ("Buena Vista"), a motion picture, television
feature and home entertainment distribution company owned by The Walt Disney
Company, and Christie Digital Systems USA, Inc. ("Christie"), a California
Corporation and a leading provider of digital cinema projection systems
("Digital Systems"). The Agreement provides that Buena Vista will distribute
Walt Disney Pictures and Touchstone Pictures movie releases in digital format to
theaters equipped with Digital Systems. Buena Vista will pay a virtual print fee
to Christie/AIX for each digital print shown on a Digital System. The number of
digital titles Buena Vista is required to distribute during the term of the
agreement and the amount of the virtual print fee Buena Vista is required to pay
will depend on the number of fully operable Digital Systems that Christie/AIX
deploys during the next twenty-four months. The Agreement, effective through
2020, constitutes the first such agreement contemplated by the Company, Christie
and Christie/AIX pursuant to their Framework Agreement, entered into in June
2005, which was aimed at facilitating the deployment of Digital Systems.
On September 15, 2005, the Company issued a press release announcing the
Agreement. A copy of the release is filed herewith as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. DESCRIPTION
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99.1 Press release of Access Integrated Technologies, Inc.,
dated September 15, 2005.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
ACCESS INTEGRATED TECHNOLOGIES, INC.
By: /s/ Gary S. Loffredo
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Name: Gary S. Loffredo
Title: Senior Vice President
- General Counsel
Dated: September 16, 2005
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